The bottom line is that Climate Change threatens Pacific Gas & Electric’s (PCG) financial health and survival.Read more
Companies are likely to pull out of reinsurance because of Climate Change. Under those circumstances, publicly-traded insurers are likely to go private or sell out to hedge funds.
Property owners will face rising premiums because insurance companies operating costs are increasing. Reinsurance firms like Gen Re and Aspen underwrite property and other insurance properties. Consequently, insurers will pass higher reinsurance costs onto policyholders.
In summary, sell the beachfront and forest properties now. Prices for such properties are likely to plummet as insurance costs rise.
Billionaires like Kimmel and Buffett are outliers in Climate Change losses. They can afford to take a loss on beach property, most homeowners cannot.Read more
The question to ask is not will the real-estate bubble burst, but when and how will it burst. There are many things that can pop the bubble, but 10 threats to the real estate market stand out.Read more
Bill Gates has become a real life superhero who is out to save the world from climate change. The MicrosoftRead more